Everybody agrees, the US doesn't want to end up like Argentina. Eleven years ago, Argentina went through the biggest sovereign debt default in history, refusing to pay creditors some $100 billion and sending its economy spiraling into uncertainty.

Updated

06/30/2015 - 8:15pm

Today, Greece became the first developed country to default on an IMF loan. What happens next is uncertain, but the man who now oversees Greece's economy warned years ago that a default could ripple across the globe.

Updated

06/30/2015 - 8:15pm

Today, Greece became the first developed country to default on an IMF loan. What happens next is uncertain, but the man who now oversees Greece's economy warned years ago that a default could ripple across the globe.

Everybody agrees, the US doesn't want to end up like Argentina. Eleven years ago, Argentina went through the biggest sovereign debt default in history, refusing to pay creditors some $100 billion and sending its economy spiraling into uncertainty.